The housing market is stronger and more sustainable than it was a year ago. It is worthwhile to review estimations for the 2014 calendar year: According to Lawrence Yun, chief economist at the National Association of Realtors, interest rates will climb to 5.4% by the end of 2014. However, Yun said that any buyer hesitation…Read More »
Archive for the ‘Real Estate News’ Category
The housing market is stronger and more sustainable than it was a year ago
Tuesday, January 7th, 2014
As home prices and interest rates rise, more home sales are cash deals
Wednesday, January 1st, 2014
The proportion of all-cash home sales has doubled since May, making up 42 percent of all deals done in November, RealtyTrac reports — the largest proportion of cash sales since the data aggregator began tracking the stat nearly three years ago. RealtyTrac had previously reported that cash deals made up 45 percent of sales registered…Read More »
The proportion of all-cash home sales has doubled since May, making up 42 percent of all deals done in November, RealtyTrac reports — the largest proportion of cash sales since the data aggregator began tracking the stat nearly three years ago. RealtyTrac had previously reported that cash deals made up 45 percent of sales registered…Read More »
Existing-home sales post first annual decline in more than 2 years
Friday, December 20th, 2013
Higher mortgage rates, constrained inventories and tight credit slowed the pace of existing-home sales for the third month in a row in November, producing the first annual decline in sales in more than two years, the National Association of Realtors (NAR) reported today. Existing-home sales dropped 4.3 percent from October to November, to a seasonally…Read More »
Higher mortgage rates, constrained inventories and tight credit slowed the pace of existing-home sales for the third month in a row in November, producing the first annual decline in sales in more than two years, the National Association of Realtors (NAR) reported today. Existing-home sales dropped 4.3 percent from October to November, to a seasonally…Read More »
10 Things That Make a Home a Good Home
Monday, December 16th, 2013
Buyers spend a lot of time looking at properties online, touring homes on the Sunday open house circuit, and talking to their real estate agent. They’re laser-focused on finding the best home that meets their needs. The problem is, buyers sometimes don’t take the long view of a property. They’re only looking at a home…Read More »
Buyers spend a lot of time looking at properties online, touring homes on the Sunday open house circuit, and talking to their real estate agent. They’re laser-focused on finding the best home that meets their needs. The problem is, buyers sometimes don’t take the long view of a property. They’re only looking at a home…Read More »
December Housing News
Wednesday, December 11th, 2013
> Resilient Housing Market > Investor Participation Increases > New Website for REALTORS® > Reasons for Low Inventory / December 2013 Housing Market Shows Continued Resilience The housing market remained strong in October amid a seasonal easing of traffic, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The sales-to-list price ratio for non-distressed…Read More »
> Resilient Housing Market > Investor Participation Increases > New Website for REALTORS® > Reasons for Low Inventory / December 2013 Housing Market Shows Continued Resilience The housing market remained strong in October amid a seasonal easing of traffic, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The sales-to-list price ratio for non-distressed…Read More »
CoreLogic data to power Urban Institute’s housing finance research
Monday, December 9th, 2013
Real estate data and technology firm CoreLogic will help power the housing finance research conducted by Washington, D.C.-based think tank The Urban Institute through a strategic alliance announced today. The Urban Institute, a nonpartisan economic and social policy research organization, has recently formed the Housing Finance Policy Center, which is designed to provide evidence-based data and…Read More »
Real estate data and technology firm CoreLogic will help power the housing finance research conducted by Washington, D.C.-based think tank The Urban Institute through a strategic alliance announced today. The Urban Institute, a nonpartisan economic and social policy research organization, has recently formed the Housing Finance Policy Center, which is designed to provide evidence-based data and…Read More »
6 years later and we still can’t modify or refinance our mortgage
Saturday, December 7th, 2013
Your mortgage lender places you in a predatory loan and you ask for a simple loan modification to today’s rates. You pay your bills and have never defaulted on anything. Can you get the loan modification you’re seeking, or are you stuck? In part 1 of this series I outlined the situation that placed me…Read More »
Your mortgage lender places you in a predatory loan and you ask for a simple loan modification to today’s rates. You pay your bills and have never defaulted on anything. Can you get the loan modification you’re seeking, or are you stuck? In part 1 of this series I outlined the situation that placed me…Read More »
New-home sales skyrocket in October
Thursday, December 5th, 2013
Purchases up 21.6 percent from year ago Sales of new single-family homes skyrocketed in October, ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recovery. New-home sales leaped 25.4 percent from September to October to a seasonally adjusted annual rate of 444,000, according to data…Read More »
Purchases up 21.6 percent from year ago Sales of new single-family homes skyrocketed in October, ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recovery. New-home sales leaped 25.4 percent from September to October to a seasonally adjusted annual rate of 444,000, according to data…Read More »
Investors remain the dominant buyers of damaged REO properties.
Wednesday, December 4th, 2013
Non-distressed home prices remain well above the national average in California, the Northeast and Pacific Northwest. Investors remain the dominant buyers of damaged REO properties. Traffic continued to slow in the fall. Average Property Price Per Region “There’s a shortage of good inventory. Homes that are priced correctly and…Read More »
Non-distressed home prices remain well above the national average in California, the Northeast and Pacific Northwest. Investors remain the dominant buyers of damaged REO properties. Traffic continued to slow in the fall. Average Property Price Per Region “There’s a shortage of good inventory. Homes that are priced correctly and…Read More »
What’s the life span of a house?
Friday, November 22nd, 2013
Concrete, brick, copper, stone products can last a lifetime or a century. Major appliances may conk out after just 10 to 15 years of normal use. Homebuyers should consider remaining useful life of house components. A house may survive for hundreds of years. But the individual components that make up the house may — or…Read More »
Concrete, brick, copper, stone products can last a lifetime or a century. Major appliances may conk out after just 10 to 15 years of normal use. Homebuyers should consider remaining useful life of house components. A house may survive for hundreds of years. But the individual components that make up the house may — or…Read More »
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